0001193125-13-384940 Sample Contracts

LIMITED LIABILITY COMPANY AGREEMENT OF GGT AHC FAIRFIELD TX, LLC
Limited Liability Company Agreement • September 30th, 2013 • CNL Growth Properties, Inc. • Real estate investment trusts • Delaware

This Limited Liability Company Agreement of GGT AHC FAIRFIELD TX, LLC (this “Agreement”) is entered into and shall be effective as of the 24th day of September, 2013, by and between AHC FAIRFIELD OPERATOR, LLC, a Texas limited liability company (“AHC”), and GGT FAIRFIELD TX HOLDINGS, LLC, a Delaware limited liability company (“CNL”), pursuant to the provisions of the Delaware Limited Liability Company Act (the “Act”). AHC and CNL are sometimes referred to herein, collectively, as the Members and individually as a Member.

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PURCHASE AND SALE AGREEMENT Outparcel 14 – Approximately 12.80 Acres Fairfield Town Center
Purchase and Sale Agreement • September 30th, 2013 • CNL Growth Properties, Inc. • Real estate investment trusts

This Purchase and Sale Agreement (hereinafter referred to as the “Agreement”) is entered into as of this 4th day of March, 2013, being the date on which this Agreement is executed by the last party to execute (“Final Execution Date”) by and between CPG HOUSTON HOLDINGS, L.P., a Texas limited partnership, having its principal place of business at 225 W. Washington Street, Indianapolis, Indiana 46204 (hereinafter referred to as “Seller”); and ALLEN HARRISON DEVELOPMENT, LLC, a Texas limited liability company, having its principal place of business at 1800 Augusta Drive, Suite 150, Houston, Texas 77057 (hereinafter referred to as “Purchaser”).

ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT
Assignment and Assumption • September 30th, 2013 • CNL Growth Properties, Inc. • Real estate investment trusts

THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (this “Assignment”) is entered into as of September 24, 2013 (the “Effective Date”), by and between ALLEN HARRISON DEVELOPMENT, LLC, a Texas limited liability company (“Assignor”) and GGT AHC FAIRFIELD TX, LLC, a Delaware limited liability company (“Assignee”).

CONSTRUCTION LOAN AGREEMENT $21,742,500.00 Interim Construction Loan by TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”) to GGT AHC FAIRFIELD TX, LLC, a Delaware limited liability company (“Borrower”)
Construction Loan Agreement • September 30th, 2013 • CNL Growth Properties, Inc. • Real estate investment trusts • Texas

This CONSTRUCTION LOAN AGREEMENT (this “Agreement”) is made and delivered effective as of the 24th day of September, 2013 (the “Effective Date”), by and between GGT AHC FAIRFIELD TX, LLC, a Delaware limited liability company (“Borrower”), and TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”).

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